Hecla Mining (NYSE:HL) Announces Earnings Results, Misses Expectations By $0.01 EPS

Hecla Mining (NYSE:HL - Get Free Report) issued its earnings results on Thursday. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01), Zacks reports. The firm had revenue of $261.34 million during the quarter, compared to analysts' expectations of $238.50 million. Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. The firm's quarterly revenue was up 37.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.01) EPS.

Hecla Mining Trading Down 17.0 %

NYSE HL traded down $0.93 on Friday, hitting $4.54. The company's stock had a trading volume of 51,568,789 shares, compared to its average volume of 13,648,867. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25. Hecla Mining has a 52-week low of $4.41 and a 52-week high of $7.68. The firm has a market cap of $2.87 billion, a P/E ratio of 90.82 and a beta of 1.77. The company's 50-day simple moving average is $5.53 and its 200 day simple moving average is $5.64.

Hecla Mining Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.0038 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date is Friday, May 23rd. Hecla Mining's payout ratio is 20.00%.

Insider Activity at Hecla Mining

In related news, CFO Russell Douglas Lawlar sold 16,333 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total value of $84,604.94. Following the completion of the transaction, the chief financial officer now directly owns 297,983 shares of the company's stock, valued at $1,543,551.94. This represents a 5.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Kurt Allen sold 9,195 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total transaction of $47,630.10. Following the completion of the sale, the vice president now owns 104,512 shares of the company's stock, valued at $541,372.16. This trade represents a 8.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 57,915 shares of company stock worth $300,000 over the last quarter. 1.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on HL shares. National Bank Financial raised shares of Hecla Mining to a "hold" rating in a research note on Friday, March 21st. HC Wainwright reaffirmed a "buy" rating and set a $11.50 price objective on shares of Hecla Mining in a research note on Friday, February 14th. StockNews.com raised Hecla Mining from a "sell" rating to a "hold" rating in a research note on Monday, February 17th. Roth Mkm reduced their price target on Hecla Mining from $6.60 to $6.50 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Finally, TD Securities downgraded Hecla Mining from a "buy" rating to a "hold" rating and lowered their price objective for the company from $6.50 to $5.50 in a research report on Tuesday, March 11th. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $7.75.

Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.

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